U.S. Tariff Overreach Causes Soybean Sales to Plummet by 50% in a Week
According to ChainCatcher, the U.S. government's excessive use of tariffs is impacting not only imports but also exports. The export of U.S. agricultural products such as soybeans and pork is significantly decreasing.
Data released by the U.S. Department of Agriculture recently shows that during the week of April 11-17, the net sales of U.S. soybeans dropped by 50% compared to the previous week, while the net sales of pork plummeted by 72%.
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